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Category: Business

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Football isn’t quite getting its coronavirus response right but who is? | Max Rushden

Where do you draw the furlough line? Who should take cuts? The game, like society, is struggling for answersThere are two parallel worlds right now. The first is those in the heart of this crisis. The Prime Minister fighting for his life. The heroic ou…

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PFA chief executive Gordon Taylor says he will not take cut to his £2m salary

Clubs look set to make individual agreements on players’ pay‘You can’t have one suit fitting all sizes, there is such variance’The chief executive of the Professional Footballers’ Association, Gordon Taylor, has said he will not take a cut to his £2m s…

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English football’s blame culture makes it unable to come together | Jonathan Liew

Matt Hancock is merely the latest patsy to offend a game that was dysfunctional even when it was awash with moneyI don’t expect to make too many friends saying this, but perhaps it’s time we all gave Matt Hancock a break. Isn’t it typical how, as soon …

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Streaming service DAZN asks Premier League to defer rights payments

Company looking for ‘reasonable solutions’Burnley manager Sean Dyche defends playersAn online streaming service has written to the Premier League to defer payments due to the suspension of competition amid the coronavirus outbreak. It is understood tha…

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West Ham plan £30m rights issue to cover revenue shortcomings

Coronavirus suspension leads to lack of incomeStock to be offered to existing shareholders firstWest Ham’s board plans to inject at least £30m into the club by launching a rights issue in response to the financial problems caused by the coronavirus pan…

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Premier League clubs to go it alone in pay cut talks with players

Saturday’s conference call ends with no resolutionPFA insists cutting players’ wages would hit NHSCoronavirus – latest updates | See all our coronavirus coveragePremier League clubs anticipate having to start individual negotiations over wage reduction…

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Wayne Rooney leads footballers’ backlash against pay cut criticism

Rooney accuses government of making players ‘scapegoats’Gary Lineker and Gary Neville also back Premier League starsWayne Rooney has criticised the government and Premier League for putting Britain’s top-flight footballers in a “no-win situation” over …

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Own-goals all round as overpaid footballers get their usual kicking | Paul Wilson

Scrambling politicians, cut-throat club execs and an unobliging union have left Premier League players facing familiar ireA political football is normally the cliche of choice when something that has nothing to do with football is booted back and forth…

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Premier League tells PFA players will have to share in financial pain

Deferrals of wages not cuts wanted by footballers’ unionEnglish leagues stress that players must share financial lossesThe Premier League and EFL have urged the footballers’ union to accept that players will have to take pay cuts, not just deferral of …

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Premier League clubs have failed the smell test in furloughing their staff | Paul MacInnes

Belts are being tightened across the UK, but it should not be the taxpayer that picks up the bill for a gold-laced leagueUnder the shadow of coronavirus new rules are being made and unmade. Things that were unknown and alien a week ago are increasingly…

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Football clubs’ good deeds go a long way but shutdown exposes financial faultlines | Paul Wilson

The game’s wealthier end is doing what it can in the coronavirus crisis but the precarious financial reality for too many lower-league clubs also plain to see“What is football without a crowd?” Pep Guardiola asked a couple of weeks ago, just before it …

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Sky and BT will ‘lose £1bn if sporting events stay shut until August’

Report recommends footballers take a pay cut to support clubs facing loss of revenue Sky and BT will lose almost £1bn in revenue if top-flight sport remains shut down until August, according to a report that recommends players take a pay cut to support…

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‘Everything went to hell’: stadium workers on the US sports shutdown

When leagues across America shut down due to the Covid-19 outbreak, stadium workers found themselves struggling. Here are three of their storiesMike Dougherty (St Paul, Minnesota): “I have been a food and beverage vendor since 1989 when I started at th…

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Bury’s demise shows Football League must tighten FFP rules, review says

EFL’s review details club’s player wages were 140% of turnoverSituation shows ‘review of the financial ecosystem’ is neededThe EFL’s review into the expulsion of Bury last August has recommended that the league strengthen its financial fair play rules,…

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United and City ensure Manchester derby is not just about the football | Jonathan Liew

Manchester United’s huge social media following means that, in lucrative data terms, there is only one winner against CityA couple of weeks ago, at 8am New York time, Manchester United plc held its quarterly earnings call, in which senior board members…

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‘Netflix of sport’ to target Premier League rights after UK launch

Dazn’s initial focus will be on boxing when it expands to 200 countries, including UK, in MayA streaming service that is aiming to become a “Netflix of sport” is to expand to 200 countries, including the UK, and is targeting Premier League rights for t…

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HSBC brings early close to partnership with British Cycling

Bank cites shift in in ‘UK marketing and sponsorship priorities’Partnership to end four years into an eight-year arrangementBritish Cycling has announced that HSBC is to end its partnership with the sport, four years into an eight-year arrangement.The …

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HSBC brings early close to partnership with British Cycling

Bank cites shift in in ‘UK marketing and sponsorship priorities’Partnership to end four years into an eight-year arrangementBritish Cycling has announced that HSBC is to end its partnership with the sport, four years into an eight-year arrangement.The …

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Liverpool’s rejuvenation shows clubs should be thankful for FFP | David Conn

Uefa’s desire to encourage long?term investment instead of relying on increasing debt is workingIn the days after Manchester City were found to have seriously breached Uefa’s financial fair play rules by overstating their sponsorships from Abu Dhabi co…

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Pep Guardiola vows to stay at City and back their fight against Uefa ban

Unless they sack me, which can happen, I will not leave, he saysSoriano claims City have ‘irrefutable evidence’ charges are falsePep Guardiola, in his first press conference since being confronted with the possibility of a two-year Champions League ban…